City Median Investment Score
75Below average
| BR | FMR | Eff. Rent | 3Y CAGR |
|---|---|---|---|
| 0 BR | $800 – $860▲ | $800 – $830 | 4.4% |
| 1 BR | $800 – $860▲ | $840 – $910 | 4.3% |
| 2 BR | $1,010 – $1,090▲ | $1,060 – $1,130 | 4.1% |
| 3 BR | $1,380 – $1,480▲ | $1,160 – $1,440 | 4.8% |
| 4 BR | $1,490 – $1,590▲ | $1,220 – $1,540 | 4.0% |
| 5 BR | $1,771▲ | —Not available | 4.0% |
| 6 BR | $2,037▲ | —Not available | 4.0% |
| 7 BR | $2,342▲ | —Not available | 4.0% |
| 8 BR | $2,693▲ | —Not available | 4.0% |
Public Housing Authority
Rolodex
Market Alignment
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
- FMR
- FY2027
- Market rent
- last ~365 days
- Property value
- --
- Tax rate
- --
- Mortgage rate
- --
Bay City, MI fair market rent, FY 2027
For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 3 ZIP codes in Bay City, MI ranges from $1,010 to $1,090 a month, with a median of $1,060. That is up 2.9% from $1,030 in FY 2026. Bay City is in the Bay City, MI MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,055. The median county two-bedroom FMR in Michigan is $1,085, so Bay City is 2% below it.
FY 2027 rent by bedroom
| Bedrooms | FY 2026 | FY 2027 | Change | 90–110% range |
|---|---|---|---|---|
| Studio | $810 | $830 | +2.5% | $747–$913 |
| 1BR | $810 | $840 | +3.7% | $756–$924 |
| 2BR | $1,030 | $1,060 | +2.9% | $954–$1,166 |
| 3BR | $1,400 | $1,440 | +2.9% | $1,296–$1,584 |
| 4BR | $1,520 | $1,540 | +1.3% | $1,386–$1,694 |
Fair market rent history, FY 2023–2027
| Fiscal year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY 2027 | $830 | $840 | $1,060 | $1,440 | $1,540 |
| FY 2026 | $810 | $810 | $1,030 | $1,400 | $1,520 |
| FY 2025 | $770 | $770 | $980 | $1,310 | $1,410 |
| FY 2024 | $730 | $740 | $940 | $1,250 | $1,370 |
| FY 2023 | $630 | $690 | $880 | $1,160 | $1,270 |
Two-bedroom rent by ZIP code
Questions about Bay City, MI rents
How much will Section 8 pay for a two-bedroom in Bay City, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,055, which applies unless the housing authority uses Small Area FMRs, that basic range is $950 to $1,161 a month; under the ZIP-level Small Area FMR of $1,060 it would be $954 to $1,166. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Bay City, MI in?
Bay City, MI is in the Bay City, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,055.
How much did fair market rent change in Bay City, MI for FY 2027?
The two-bedroom FMR rose 2.9%, from $1,030 in FY 2026 to $1,060 in FY 2027. Since FY 2023 it has risen 20.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set